"backward induction" meaning in English

{
  "forms": [
    {
      "form": "backward inductions",
      "tags": [
        "plural"
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  "head_templates": [
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        "1": "-",
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      "expansion": "backward induction (usually uncountable, plural backward inductions)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
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          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
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        {
          "kind": "topical",
          "langcode": "en",
          "name": "Game theory",
          "orig": "en:Game theory",
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            "Formal sciences",
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      "examples": [
        {
          "ref": "2021 December 14, Richard Partington, quoting Thomas Belsham, “Bitcoin could become ‘worthless’, Bank of England warns”, in The Guardian:",
          "text": "Simple game theory tells us that a process of backward induction should, really, at some point, induce the smart money to get out. And were that to happen, investors really should be prepared to lose everything.",
          "type": "quote"
        }
      ],
      "glosses": [
        "The process of reasoning backwards in time, from the end of a problem or situation, to determine a sequence of optimal actions."
      ],
      "id": "en-backward_induction-en-noun-n6J2JLVF",
      "links": [
        [
          "game theory",
          "game theory"
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      ],
      "raw_glosses": [
        "(game theory) The process of reasoning backwards in time, from the end of a problem or situation, to determine a sequence of optimal actions."
      ],
      "related": [
        {
          "word": "decision tree"
        }
      ],
      "tags": [
        "uncountable",
        "usually"
      ],
      "topics": [
        "computing",
        "engineering",
        "game-theory",
        "mathematics",
        "natural-sciences",
        "physical-sciences",
        "sciences"
      ]
    }
  ],
  "word": "backward induction"
}

{
  "forms": [
    {
      "form": "backward inductions",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "1": "-",
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      "expansion": "backward induction (usually uncountable, plural backward inductions)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "decision tree"
    }
  ],
  "senses": [
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      "examples": [
        {
          "ref": "2021 December 14, Richard Partington, quoting Thomas Belsham, “Bitcoin could become ‘worthless’, Bank of England warns”, in The Guardian:",
          "text": "Simple game theory tells us that a process of backward induction should, really, at some point, induce the smart money to get out. And were that to happen, investors really should be prepared to lose everything.",
          "type": "quote"
        }
      ],
      "glosses": [
        "The process of reasoning backwards in time, from the end of a problem or situation, to determine a sequence of optimal actions."
      ],
      "links": [
        [
          "game theory",
          "game theory"
        ]
      ],
      "raw_glosses": [
        "(game theory) The process of reasoning backwards in time, from the end of a problem or situation, to determine a sequence of optimal actions."
      ],
      "tags": [
        "uncountable",
        "usually"
      ],
      "topics": [
        "computing",
        "engineering",
        "game-theory",
        "mathematics",
        "natural-sciences",
        "physical-sciences",
        "sciences"
      ]
    }
  ],
  "word": "backward induction"
}